It was a quite big surprise that the Euro Dollar slumped by more than 1.5% below 1.12 after it hit the day high of 1.1240. I was personally expecting at least some resistance would hurdle the falling around the 1.1260 level, where there was the lower boundary of one-month-length sideway. The bottom has supported EURUSD eight times now in the last four weeks. The breakthrough triggered stop-loss sell orders at multiple levels below 1.1260 and suppressed the exchange level to a further low. The next two targets of bears are 1.1150 and 1.1098, which was 26th January’s low. The information in this website is of a general ... (full story)